FAAQ — Freaking awesomely asked questions (and answers)

by Damon Oudejans on 27th Sep, 2017

We are delighted to be getting a lot of interest in our Token Sale, both from those involved in the Crypto world as well as esports fans and gamers. As a result we have been receiving some great questions! So we thought we would create a live blog post where all the questions are listed with our responses.

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Skrilla Co-Founder

Damon Oudejans

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We are delighted to be getting a lot of interest in our Token Sale, both from those involved in the Crypto world as well as esports fans and gamers. As a result we have been receiving some great questions! So we thought we would create a live blog post where all the questions are listed with our responses.

“What exactly is the use of the token and why is it necessary?” by BananaPlanterZ on [Reddit]

The primary use for the token will be to enter daily fantasy contests and to receive winnings. In addition members can earn the tokens through incentivised behaviours such as referring friends and sharing social media networks. Furthermore we have plans to integrate the token within the GAMURS ( https://gamurs.group/ ) network of products where feasible / applicable.

Having a cryptocurrency also allows us to solve a number of issues faced by our community. Being able to remove intermediaries such as banks and payment gateways will reduce friction and fees and allow us to pass on those savings. Also having one central currency will allow us to connect users through global pools and improve liquidity. i.e. Aus based players can play with US / Canada / Euro players. You can read more in our Whitepaper.

“Thoughts on buying tokens as an investment. So not primarily as a user of the platform but merely to capitalize on your expertise and team to build a platform and token economy that captures a part of the esports market. Thereby hoping that it will raise the price of the token.” by CSGOPete on [Reddit]

In terms of whether this is an investment, we are very specific that this is not a security, but the pre-purchase of a utility token, nor do we provide investment advice. There is a fixed and finite supply of tokens issued as part of a Token Sale. As we continue to build on our existing product in the market, integrate the token as the core currency, work to integrate GAMURS 3.5+ million and growing audience, launch into new markets and execute on the roadmap, demand for the token will increase naturally as the core currency in the platform to enter contests and receive winnings, driving its value higher.

Will there be any type of staking (riskpool?) for which one can earn dividends? by CSGOPete on [Reddit]

You can not earn dividends. Our token is not a security.

“Thoughts on having more service providers join you in making use of the token? Will you be looking to incentivize other companies or service providers to make use of the same token as the one used on your platform?” by CSGOPete on [Reddit]

Users will be able to earn the token through incentivised behaviours such as referring friends, or sharing and engaging around our social content. We will definitely be looking to integrate the token into other platform to provide further token utility. The GAMURS Group are JV partners in Skrilla. They are currently the largest global esports media company and have several products in the market, and more coming online shortly. You can check them out here: https://gamurs.group/ We will be looking to integrate the token into several of their platforms where applicable / feasible (see page 10 of our Whitepaper for further detail on this).

This is exciting because our token will provide value to a broader range of esports customers, and in addition it will help to strengthen the token value. Beyond the GAMURS products we will definitely look to integrate with other third parties. Indeed we have already been approach by a number of online esports products / businesses who are interested in integrating our token.

“How long has the idea for launching a cryptocurrency been contemplated, how did that come to fruition?” by CSGOPete on [Reddit]

We had the idea to implement a virtual currency when we first started working on Skrilla in early 2017. We then began to explore crypto a lot and realised the application of a cryptocurrency within our style of platform, is a perfect application. We saw an opportunity to roll this our now and to be one of the early adopters. Gaming / gambling is perfect for crypto and it is certainly where the future is. We are always looking to be at the forefront of what we do.

“i need fast answer ^ ^! i want only to invest 20 dollar in skrilla so pre-sale can i buy just : 175 skrilla with 0.0693 ETH ! or i need 1 eth fo get 2500 SRK directly …” by Kevin via our Support Portal

You can buy as little or as much as you want. So yes, you can buy 175 SKR, no worries at all.

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Skrilla is licensed and regulated by the Northern Territory Government in respect of Australian resident customers and is an active member of the Esports Integrity Coalition (ESIC), recognised as the acting body for esports wagering integrity globally.